October 2024
Who would have guessed the S&P would be up 22% nine months into the year? Or that the S&P and Dow would be up 10 of the last 11 months? Such feats would seem improbable to most given geopolitical risks, election anxiety and recession fears. Just a few weeks ago many investors thought the sky was falling…now we are sitting at record highs with the help of our friends at the Fed. But, it hasn’t all been kicks and giggles. While technology behemoths have propelled monster returns for the S&P, many other areas have lagged or downright struggled this year. We still like many of the tech leaders, but there could be more relative value elsewhere at the moment. Read on for our full Q3 stock market update.